555 Michael Dr

Morris, IL 60450

$495,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Description

Investment Opportunity - Fully Leased Commercial Warehouse in Morris! Investors, take note of this exceptional income-producing property in Morris. This 5,250 sq. ft. warehouse building is currently occupied by a successful CrossFit facility and is fully leased, offering immediate rental income. The building features excellent functionality with (3) 12' x 12' overhead doors and (2) 16' x 14' overhead doors, all equipped with automatic openers. North Unit: Approximately 23' x 50' with a 12' x 17'...Investment Opportunity - Fully Leased Commercial Warehouse in Morris! Investors, take note of this exceptional income-producing property in Morris. This 5,250 sq. ft. warehouse building is currently occupied by a successful CrossFit facility and is fully leased, offering immediate rental income. The building features excellent functionality with (3) 12' x 12' overhead doors and (2) 16' x 14' overhead doors, all equipped with automatic openers. North Unit: Approximately 23' x 50' with a 12' x 17' mezzanine. Interior Unit: Approximately 59' x 50' featuring a mezzanine along the rear wall a half bath, and water heater. South Unit: Approximately 23' x 50' with no mezzanine. Each "unit" includes a separate steel service entrance door, providing convenient tenant access. Located with access from Michael Drive behind We Care, this versatile warehouse property offers a strong investment opportunity in a desirable Morris location. Fully rented and generating income-ideal for investors seeking a turnkey commercial asset or 1031 exchange opportunity. Tenant pays Real Property Taxes, Repairs & Maintenance, Water/Sewer, All Utilities, Exterior Maintenance & Trash Collection. Seller pays insurance. Also two small detached storage units that are on month to month lease basis included in the income details provided. Please absolutely do not approach the property without a scheduled appointment. And please do not approach the existing tenants.
  1. Listed by Anitra Brase • Advantage Realty, Inc.
    P: (815)-942-5252 anitra@advantagerealty.com

Property Details for 555 Michael Drive

Area
Morris
Township
Saratoga
Air Conditioning Type
None
Zoning
WRHSE
LISTING UPDATED: 06/22/2026 12:06 AM

Property Details for 555 Michael Drive

StatusActive
MLS #12654773
Days on Market33
Taxes$1,526 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial Sale
Year Built2001
Lot Size0.12 AC / 5,250 SF
CountyGrundy County
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Location

Listing Courtesy of Advantage Realty, Inc.
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Building Information for 555 Michael Drive

Stories1Residences3Year Built2001Lot Size0.12 AC / 5,250 SF

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$2,594 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,467

Property Taxes

$127

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 555 Michael Drive

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Owner
  • Owner Pays: Insurance
Location and General Information
  • Frontage Type: City Street, Public Road, Signal Intersection
  • Geographic Locale: Southwest Suburban
  • Information: No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Circuit Breakers
  • Heat/Ventilation: Ceiling Units
  • Misc Inside: Overhead Door/s,Public Restroom/s
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Utilities / Equipment
  • Sewer: Holding Tank/s
  • Utilities: Electric to Site, Natural Gas Available, Water Available
Property/Lot Information
  • Owners Association: Yes
  • Tenant Pays: Electricity, Heat, Taxes, Repairs, Sewer, All Utilities, Trash Collection
  • Built Before 1978: No
  • Approximate Age: 16-25 Years
  • Lot Dimensions: 50X105
  • Lot Size Square Feet: 5250.0
  • Stories: 1
  • Exterior Building Type: Steel Siding
  • Construction: Steel Siding
  • Fire Protection: Fire Extinguisher/s
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 5250
  • # Of Offices: 0
  • # Of Stores: 0
  • Warehouse SqFt: 5250
  • Property Sub Type: Condominium
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2026-06-13T16:16:21
  • Photos Count: 27
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $39,000.00
  • Gross Scheduled Income: $39,000.00
  • Insurance Expense: $6,000.00
  • Expense Year: 2025
  • Total Annual Expense Source: Owner Projection
  • Total Monthly Income: 3250
  • Operating Expense: $6,000.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 555 Michael Drive

DateEvent & SourcePriceAppreciation
Jun 16, 2026

Listed (Active)

MRED #12654773

$495,000—
Dec 27, 2018

Cancelled

MRED #10048372

$325,000—
Aug 10, 2018

Listed (Active)

MRED #10048372

$325,000—
DateEvent & SourcePrice
06/16/2026

Listed (Active)

MRED #12654773

$495,000
12/27/2018

Cancelled

MRED #10048372

$325,000
08/10/2018

Listed (Active)

MRED #10048372

$325,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 555 Michael Drive

Taxable ValueLand$4,499Additions$14,568Total$19,067
Tax Record2024$1,384 ($115 / month)
Home Facts
Beds0Total Finished SqFt5,250 SqFtAbove Grade Finished SqFt5,250 SqFtLot Size82,764 SqFtStyleMiscellaneous ResidentialYear Built2001CountyGRUNDYAPN02-33-458-003

Schools near 555 Michael Drive

This home is within Saratoga Central Consolidated School District 60c.
Rating
School
Type
Grades
Distance
Saratoga Elementary School
Public - PK to 8
Morris Community High School
Public - 9 to 12
Immaculate Conception School
Private - PK to 8
Rating
School
Distance
Saratoga Elementary School
PublicPK to 8

Morris Community High School
Public9 to 12

Immaculate Conception School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 555 Michael Drive, Morris, IL 60450

555 Michael Drive is a mixed use property for sale in Morris, IL 60450. This property was listed for sale on June 16, 2026 by Advantage Realty, Inc., it's currently listed at $495,000. This listing's school districts are Morris Chsd 101 School District, Saratoga Central Consolidated School District 60c. Nearby schools include Saratoga Elementary School, Morris Community High School and Immaculate Conception School. 555 Michael Drive is a 0-bed, 0-bath, mixed use property built in 2001.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Advantage Realty, Inc.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 06/22/2026 12:06 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.